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Colorado Doctor Sentenced to Prison for Bankruptcy Fraud

Submitted by ckanon@abi.org on
A Boulder, Colo., doctor who pleaded guilty in August to bankruptcy fraud was sentenced in U.S. District Court in Denver on Friday to 18 months in prison, The Denver Post reported. Cathleen Van Buskirk appeared in court free on bail on Friday and must report to the Bureau of Prisons no later than April 19, according to a news release from the U.S. attorney’s office. Van Buskirk pleaded guilty to a single count of bankruptcy fraud in August. Court records show that Van Buskirk’s prosecutors agreed in a plea deal not to ask for more than 33 months in federal prison. Van Buskirk was indicted last year after prosecutors said she “deliberately failed to disclose certain assets and took various steps to conceal her interest in those concealed assets” in 2014 and 2015. According to the plea agreement, Van Buskirk went into debt after a failed real estate investment in New Mexico. Prosecutors said that while considering filing for bankruptcy, Van Buskirk had her sister and an employee create companies to which she moved money. In total, prosecutors believe Van Buskirk hid about $250,000 in assets from the bankruptcy trustee.
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